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The cash price, and price with a trade in are always different. Unless you have a good trade. The sale price of most vehicles with in about $500 of dealer cost had been going on since about 2001 after 911. That is when you started to see all of the 0% interest loans, a huge rebates, sometimes up to $12,000 of the price of a truck. That tells you the mark up in trucks, the mark up in cars isn't even cost to that usually around 2k. That is why Ford and GM were so heavily in SUV's and trucks that is where the money was and still is.
That piece of junk camry I traded in this past Feb I got a real good price on. Because the used car manager had the same opinion as half of america. "It's a toyota they never break down". I new I was trading in a "real nice car" and the manger thought he would be able to sell quickly for a nice profit. So after haggleing for about an hour he agreed on a price that the salesman though he never would to begin with. I didn't feel bad because it didn't do anything to mask the problems of the car. If he would have checked it over thoroughly he would have realized a rod bearing was bad, and the converter was shot.
Something in MN law says you can only trade in the type of property that you are selling. So motorcycles, atv's, boats, horses, and other things are illegal. My great grandfather was a true horse trailer. He traded a reefer truck made by dodge back in the late 40's plus $1000 cash for a cabin on a lake. The cabin and more importantly the property is still in out family to this day. Now the orginal cabin is on the property that my grandfather owns, and an additional cabin on the other side of the property that his sister owns. Each side has 60' of sandy beach front and each are worth about 500k.
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Son, go find the board stretcher!
Last edited by Paul Ryan; 11-04-2009 at 6:58 PM.
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